Better.com Renews $175M Credit Facility, Enhances Financial Position

By Chris Stiles • Tuesday, January 27 14:58 • Permanent Link

Better Home & Finance Holding Company (NASDAQ: BETR), commonly known as Better.com, has successfully amended and renewed a $175 million warehouse credit facility with a leading global banking institution. This amendment has resulted in reduced cash deposit requirements, expanded leverage capacity, and higher advance rates on certain non-GSE loans, leading to a material reduction in ongoing equity capital requirements.

The company has also reaffirmed its previously disclosed guidance, stating that monthly origination volumes are expected to exceed $1 billion by May 2026, marking an increase of more than 100% compared to the company's average monthly origination volume of approximately $400 million for the quarter ended September 30, 2025. Furthermore, Better.com reaffirmed its expectation of achieving adjusted EBITDA profitability by the end of the third quarter of 2026.

The company's treasurer, Rob Wilson, emphasized that these enhancements significantly improve equity capital efficiency and are expected to be the first of multiple initiatives to expand warehouse capacity in a more capital-light manner. This reflects warehouse lender confidence in Better.com's underwriting discipline and the strength of the Tinman AI platform.

Vishal Garg, the founder and CEO of Better.com, highlighted the rapid adoption of the Tinman AI platform through strategic partnerships, noting that the new partnership channels are already generating top-of-funnel lead flow at levels comparable to the more than ten-year-old direct-to-consumer channel.

Better Home & Finance Holding Company, the first AI-native mortgage and home equity finance platform, has leveraged its industry-leading AI platform, Tinman™, to fund more than $100 billion in loan volume since 2016. The company's mortgage offerings include GSE-conforming mortgage loans, FHA and VA loans, and jumbo mortgage loans.

Better.com has received recognition for its digital mortgage innovation, winning the 2025 Fintech Breakthrough Awards and the 2025 Banking Tech Award. It was also named the best online mortgage lender by Forbes and the best mortgage lender for affordability by WSJ in 2023. Additionally, Better.com has been ranked on various prestigious lists, including LinkedIn's Top Startups List, Fortune's Best Small and Medium Workplaces in New York, and CNBC's 2020 Disruptor 50 list. Following these announcements, the company's shares moved -7.53%, and are now trading at a price of $33.92. For the full picture, make sure to review Better Home & Finance's 8-K report.

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